5 Stocks Pushing The Real Estate Industry Lower
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our modelAll three major indices are trading down today with the Dow Jones Industrial Average (^DJI) trading down 23 points (-0.2%) at 13,146 as of Friday, Dec. 14, 2012, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,344 issues advancing vs. 1,517 declining with 152 unchanged.The Real Estate industry currently sits down 0.2% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the industry include Altisource Portfolio Solutions (ASPS), down 9.5%, Chimera Investment Corporation (CIM), down 2.9%, LaSalle Hotel Properties (LHO), down 1.9%, American Capital Agency (AGNC), down 1.1% and Health Care REIT (HCN), down 0.6%. A company within the industry that increased today was E-House China Holdings (EJ), up 7.8%.TheStreet Ratings group would like to highlight 5 stocks pushing the industry lower today:5. CBL & Associates Properties (CBL) is one of the companies pushing the Real Estate industry lower today. As of noon trading, CBL & Associates Properties is down $0.27 (-1.2%) to $21.49 on average volume Thus far, 600,984 shares of CBL & Associates Properties exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $21.44-$21.83 after having opened the day at $21.71 as compared to the previous trading day's close of $21.76. CBL & Associates Properties, Inc. is a public real estate investment trust. It engages in acquisition, development, and management of properties. The fund invests in the real estate markets of United States. Its portfolio consists of enclosed malls and open-air centers. CBL & Associates Properties has a market cap of $3.5 billion and is part of the financial sector. The company has a P/E ratio of 31.9, above the S&P 500 P/E ratio of 17.7. Shares are up 40.4% year to date as of the close of trading on Thursday. Currently there are 7 analysts that rate CBL & Associates Properties a buy, 3 analysts rate it a sell, and 2 rate it a hold.TheStreet Ratings rates CBL & Associates Properties as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and poor profit margins. Get the full CBL & Associates Properties Ratings Report now.EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass
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